how much percent above the cost price should a dealer mark his goods so that after allowing a discount of 26% on the marked price he gains 2

Question

how much percent above the cost price should a dealer mark his goods so that after allowing a discount of 26% on the marked price he gains 20 % ?​

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Iris 1 month 2021-08-18T18:25:57+00:00 1 Answer 0 views 0

Answers ( )

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    2021-08-18T18:27:24+00:00

    Step-by-step explanation:

    let the cost price be RS.100

    gain=20%

    s.p=c.p*(1+gain%/100)

    =100*(1+20/100)

    =100*(100+20/100)

    =100*120/100

    =RS.120

    let the marked price be x

    discount=25%ofx

    =25/100*x

    =x/4

    s.p=marked price-discount

    RS.120=x-x/4

    RS.120=3x/4

    x=RS.(120*4/3)

    x=RS.160

    therefore,the marked price =RS.160

    hence,the marked price is 60% above the cost price.

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